Mortgage rates moved lower for 3rd straight day (and the 5th time in the past 6 days). That makes this the best winning streak of the year and it brings rates to the lowest levels of the year (matching February 8th and a few days in early January). From here, you'd have to go back to mid-November 2016 to see appreciably lower rates. All that having been said, the range over that time has been fairly narrow--4.125%-4.375% for top tier conventional 30yr fixed rate quotes. Naturally, today's average lender is at 4.125% although some of the more aggressive lenders are indeed down to 4.0%. No matter the rate quoted, the important point is that today's rates are noticeably lower than yesterday's. Even if the NOTE rate is the same, the upfront costs should be lower (thus making for a lower EFFECTIVE

February 24, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates in Line With 2017 Lows Mortgage rates moved lower for 3rd straight day (and the 5th time in the past 6 days). That makes this the best winning streak of the year and it brings rates to the lowest levels of the year (matching February 8th and a few days in early January). F... (read more) Housing News New Home Sales Up Less Than Expected; Prices up 7.5% Annually Sales of newly constructed homes, had a strong start in 2016 but flattened out toward the end of the year and ended with a dismal December. Now 2017 has also started on a positive note. The Census Bureau and the Department of Housing and Urban Develo... (read more) Rob Chrisman Banks and Lenders Adjusting Business Models; Radian President to Retire; Upcoming Events Boss: "Working hard here, Jimmy?" Jimmy: "Yep, ever since I heard you coming down the stairs!" Mortgage banks are working hard, but banks and other financial institutions have the inside track when it comes to offering other products – more a f... (read more) Housing News Fannie Mae's Blackstone Deal Provokes Blowback It seemed just an aside in the National Association of Realtors press release regarding January existing home sales. NAR President William E. Brown, took a shot at the GSE's saying first, "Supply and demand imbalances continue to be burdensome in man... (read more) MBS Commentary MBS Live Day Ahead: Bonds Look to Challenge Consolidation Range with 6th Win in a Row Bond markets are looking for their 6th straight victory today.  Each of the past 5 days have seen yields end the day lower than they opened.  While that's not quite as strong a showing as ending the day lower than the previous day's close... (read more) MBS Commentary MBS Live Recap: Calm, Positive Day For Bonds More than any other day in recent memory, today's trend was remarkably narrow for bond markets.  That's not to say it was "flat," though.  Indeed, there was a certain, much-beloved " diagonal " quality to the trend as it led rates lower and... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.03 0.00 15 Yr. Fixed 6.05% +0.01 0.00 30 Yr. FHA 6.38% +0.02 0.00 30 Yr. Jumbo 6.91% +0.01 0.00 7/6 SOFR ARM 6.27% +0.02 0.00 30 Yr. VA 6.40% +0.02 0.00 Updates Daily - Last Update: 7/24 15 Yr. Fixed Rate 6.05% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.30 -0.07 Price / Yield Change MBS UMBS 5.5 99.30 -0.07 UMBS 6.0 101.23 -0.08 GNMA 5.5 99.58 -0.04 GNMA 6.0 101.21 -0.05 Pricing as of: 7/24 5:56PM EST 10 Year US Treasury 4.3982 +0.0145 Price / Yield Change US Treasury 2 YR Treasury 3.917 +0.039 5 YR Treasury 3.960 +0.030 7 YR Treasury 4.164 +0.020 10 YR Treasury 4.397 +0.013 30 YR Treasury 4.937 -0.003 Pricing as of: 7/24 5:56PM EST Latest Video New home sales miss President Trump signs executive order on regulatory reform Consumer sentiment index at 96.3 (February - final) Around the Web Bloomberg US Treasuries Might Finally Be Ready to Stage a Breakaway Calculated Risk Blog A few Comments on January New Home Sales Reuters Fannie Mae secures commitments for credit transfer deal Market Watch Yellen will be last Fed official to speak before central bank makes rate decision CNBC US consumer sentiment remains slightly below the decade peak record in February Reuters U.S. new home sales increase less than expected in January CNBC Americans believe robots will take everyone else's jobs, but theirs will be safe CNBC Citi sees a 20% chance of Le Pen winning which could 're-ignite a fully-fledged sovereign debt crisis' Washington Post For millennials ready to buy a home, the pickings are slim CNBC Construction stocks slide amid report that US infrastructure spending won't come until next year Calculated Risk Blog Update on lack of Chinese Residential Real Estate Buyers Bloomberg Trump Rally's Prospects 'Not Looking Too Hot,' Bond Manager Says Bloomberg Claims for Jobless Benefits in US Point to Firm Job Market

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